Tried Shorting Jim Cramer's Stock Picks. It Cost Him More Than Money

Historian Joseph Moore discusses why a promising product can still fail as an investment and questions the value of trying to beat the market. In a recent episode of The Long View, Moore said he became so focused on watching Jim Cramer’s Mad Money that he missed his daughter’s first steps—and lost money along the way. He shared the anecdote while promoting his book, How to Get Rich in American History: 300 Years of Financial Advice That Worked (& Didn't). In an excerpt, he responded to an Amy Arnott question about investing in a West Coast startup that built communication technology for ALS patients, saying he learned how hard it is to run a business and that an amazing product must also be rewarded by the market consistently.